Conservative Daily News » Obama’s secretary pays a higher tax ratehttp://www.conservativedailynews.com
The best conservative political news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..Sun, 01 Mar 2015 18:00:40 +0000en-UShourly1http://wordpress.org/?v=4.1.1Oops! Obama’s Secretary Pays A Higher Tax Rate Than He Doeshttp://www.conservativedailynews.com/2012/04/oops-obamas-secretary-pays-a-higher-tax-rate-than-he-does/
http://www.conservativedailynews.com/2012/04/oops-obamas-secretary-pays-a-higher-tax-rate-than-he-does/#commentsFri, 13 Apr 2012 22:21:21 +0000http://www.conservativedailynews.com/?p=49183Does anybody remember President Obama moaning about Warren Buffett paying a lower tax rate than his secretary?

Well guess what, the Anointed One pays a lower tax rate than his secretary.

(From ABC)

President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130.

President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire investor Warren Buffett pays a lower tax rate than does his secretary.

President Obama’s secretary, Anita Decker Breckenridge, makes $95,000 a year. White House spokeswoman Amy Brundage tells ABC News that Breckenridge “pays a slightly higher rate this year on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share. ”

It should be noted that president would not be impacted by the Buffett Rule, though he would see his taxes go up if the so-called Bush tax cuts on higher income wage-earners were allowed to expire, as the president says he wants.

-Jake Tapper

So…. How’s he going to spin this one? Or will he even bother? It’s not like Mr. Hope and Change has much shame, anyway.